* See Section A.B.3 of Appendix for details

* Argentina
replace largeDevaluation = . if ccode=="ARG" & year==1987 // hyperinflation
replace largeDevaluation = . if ccode=="ARG" & year==1989  

* Thailand
replace largeDevaluation = 1 if ccode=="THA" & year==1997 // comparability with literature
														  
* Turkey
replace largeDevaluation = . if ccode=="TUR" & year==1984 // part of 1980 event
replace largeDevaluation = . if ccode=="TUR" & year==1988

* Romania
replace largeDevaluation = . if ccode=="ROM" & year==1991 // larger devaluation in 1992
replace largeDevaluation = 1 if ccode=="ROM" & year==1992
replace largeDevaluation = . if ccode=="ROM" & year==1996 // 4 years apart from 1992

* Relevant for Figure B.3 in Online Appendix (robustness to the nominal exchange rate depreciation cutoff); no effect for baseline.
replace largeDevaluation = . if ccode=="KOR" & year==1975 // it is not a devaluation
replace largeDevaluation = . if ccode=="ISR" & year==1979 // odd shifts
